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Jan 22, 2013
01/13
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the stolid as 6 percent tax. he slapped a tax on hospitals as they provide this service. how did you see that playing out? to me it seems like a just passed that on to their consumers. >> well, this is something that states have been doing for some time. as far as levying a provider tax to help pay the state share. medicaid. and 49 states currently do levy a tax for providers and provide is being defined as not only hospitals but also -- melissa: is your impression the provider would take that out of their profits, that 6 percent? would they slap that on top of what they're charging you and i and the health insurance company? >> i don't think it is quite that simple as just an add-on costs that it would pass on to the consumers. the choice here is really, do you continue with staggering uncompensated care costs for the uninsured, or do you get some payment for those services at the hospital? melissa: i understand why they want to be paid. and is wondering where the money is coming from. i get that they want to be paid for the services. and just wondering where you think t
the stolid as 6 percent tax. he slapped a tax on hospitals as they provide this service. how did you see that playing out? to me it seems like a just passed that on to their consumers. >> well, this is something that states have been doing for some time. as far as levying a provider tax to help pay the state share. medicaid. and 49 states currently do levy a tax for providers and provide is being defined as not only hospitals but also -- melissa: is your impression the provider would take...
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Jan 19, 2013
01/13
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the 9 billion is all tax deductible. the irs says the compensation to homeowners as the cost incurred in the course of doing business and is not a fine or penalty but the result of wrongdoing. i say if they didn't do anything wrong there probably wouldn't be showing -- shelling of billions of dollars. we should not be footing any part of the bill for the mistake . as one homeowner put it, the government comes after us for every little bit of money we have. that's because we aren't too big to fail. we just have to bail out the ones that are. that's what i think. now we want to know what you think. here's our question. should banks be allowed to deduct the mortgage settlement? log on to gerriwillis.com, vote on the right inside the screen and all share the results of the end of the show. not to the latest developments in the hostage situation in algeria. one american reportedly dead a takeover and natural gas plant by islamic militants. algerian news agencies report around 100 foreign workers are freed. the fate of 30 othe
the 9 billion is all tax deductible. the irs says the compensation to homeowners as the cost incurred in the course of doing business and is not a fine or penalty but the result of wrongdoing. i say if they didn't do anything wrong there probably wouldn't be showing -- shelling of billions of dollars. we should not be footing any part of the bill for the mistake . as one homeowner put it, the government comes after us for every little bit of money we have. that's because we aren't too big to...
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Jan 17, 2013
01/13
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but they also got a tax benefit, the tax rate was 23% versus the expected 27%. and then their guidance, they guided to a midpoint, intel, of $12.7 billion when the street was looking for $12.9 billion. the pc client group, one of the groups i pointed to as being important in advance of the earnings, that was down 6% year of year revenue wise to $8.5 billion. it was $8.6 billion a quarter ago. but you know, there's some other things that are questions. mainly, of course, what intel's plan is for mobility. they talked about design wins but we really haven't seen them take on folks like qualcomm in a meaningful way yet. they need to do that, part of doing that will be getting lte built into their chip solution, so, that's going to be one of the questions analysts will have. gross margins holding up relatively well at 58%, which is down from a year ago, but they are guiding to 60% gross margin for fiscal 2013. >> jon, thank you. he will fill us in with that conference call. dr. j, you are been looking at these, first of all, the earnings came out early. we don't kno
but they also got a tax benefit, the tax rate was 23% versus the expected 27%. and then their guidance, they guided to a midpoint, intel, of $12.7 billion when the street was looking for $12.9 billion. the pc client group, one of the groups i pointed to as being important in advance of the earnings, that was down 6% year of year revenue wise to $8.5 billion. it was $8.6 billion a quarter ago. but you know, there's some other things that are questions. mainly, of course, what intel's plan is for...
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Jan 15, 2013
01/13
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it isn't including the possibility that we develop a tax regimen in this country. but that has to happen and it doesn't include the notion that you and i haven't thought of. a wealthy player that believes in the vision of being a one stop shop for the smaller business companies. the idea that could be considered reasonable. it will be replaced by a smartphone and a tablet that is certainly possible. if you think it is the latter than $11 well, i got to tell you, you should be in dell. this stock isn't going back to $8 and change. but you better wait until it cools down before you buy. as we know, no man's land is a very, very bad place to be. stay with cramer. next straight talk from the keystone state. the moves he is making to keep the state strong. the cud ho report next on cnbc. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 le
it isn't including the possibility that we develop a tax regimen in this country. but that has to happen and it doesn't include the notion that you and i haven't thought of. a wealthy player that believes in the vision of being a one stop shop for the smaller business companies. the idea that could be considered reasonable. it will be replaced by a smartphone and a tablet that is certainly possible. if you think it is the latter than $11 well, i got to tell you, you should be in dell. this...
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Jan 15, 2013
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we're going to raise 60 billion from the tax hikes so the president is saying we've got to raise taxes on the rich to better roads and build schools, half the money is gone to just bailing out two federal government agencies. isn't that the sad iron? >> it's worse than you think. >> thanks. >> because the post office has accounting tricks going on. they have been selling these forever stamps. a lot of people have been buying them because you can use them at any time no, matter how much it costs to mail a left so the post office is collecting all this money from mail it hasn't even delivered yet. eventually when -- when they are allowed to raise the price of a stamp, people are going to use the forever stamps and the post office will have to deliver all this mail, but they won't get paid anything because they already spent the money. >> it's a very sad state of affairs. jim, peter, always good to have you on the show. the one thing you might want to start stockpiling. that's coming up. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook
we're going to raise 60 billion from the tax hikes so the president is saying we've got to raise taxes on the rich to better roads and build schools, half the money is gone to just bailing out two federal government agencies. isn't that the sad iron? >> it's worse than you think. >> thanks. >> because the post office has accounting tricks going on. they have been selling these forever stamps. a lot of people have been buying them because you can use them at any time no, matter...
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Jan 18, 2013
01/13
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>> he enacted the largest tax increase at the state level in history. i resigned as the chief republican whip in protest. john: he also funded stem cell research. i talk to the guy pusng this and i said you could pay for this yourself why is it a government job? >> democrats wanted to stick a thumb into the eye of georgia bush just like the emission standards to say we are californians. john: then i read this organization has to be revamped, a conflict of interest, all of this money is invested? >> now with about the initiative another large tax increase in history now by $50 billion. but they are lying. revenue projections will not come true. the balanced budget looks good in jittery but then the revenues come of you say it is a shortfall. it could be a billion or $30 billion. we will see that happen again. john: chuck devore you moved to texas? >> the states are so similar. population, the second and third states with land mass mass, more similar than different, both last with natural resources and a coastline with ports. similar on the surface why ar
>> he enacted the largest tax increase at the state level in history. i resigned as the chief republican whip in protest. john: he also funded stem cell research. i talk to the guy pusng this and i said you could pay for this yourself why is it a government job? >> democrats wanted to stick a thumb into the eye of georgia bush just like the emission standards to say we are californians. john: then i read this organization has to be revamped, a conflict of interest, all of this money...
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Jan 16, 2013
01/13
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the end of the payroll tax holiday has to hurt retail doesn't it? and the facebook disappointment. you have this mystery announcement coming. instead we have an announcement of a tool to search information on big social networks. what a bust. yet the market didn't get hammered. there was no rally, and then we got the nap time and the fresh bull came to play into the bell. what is happening here? there have been different times along the way up where we had this same exact phenomenon like we are seeing here today. one at the beginning of the bull run. another occurred in the first three years in the '90s. we had about a half dozen since the new millennium. and every single case, every single one i can recall we get this moment where the market didn't get tired, but the analyst did. many big cap stocks had run up into their price targets. analysts stayed bullish or they actually even raised price and it was a mistake. and i'll tell you, let's use it, an endless target party. 700 goes to 900 and only if there were a two for one stocks split. the analysts were gun shy. not the cheering
the end of the payroll tax holiday has to hurt retail doesn't it? and the facebook disappointment. you have this mystery announcement coming. instead we have an announcement of a tool to search information on big social networks. what a bust. yet the market didn't get hammered. there was no rally, and then we got the nap time and the fresh bull came to play into the bell. what is happening here? there have been different times along the way up where we had this same exact phenomenon like we are...
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Jan 15, 2013
01/13
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that tax cut was not renewed by congress of the tax credit back to where it was in 2010 so expected to 82% last in your take-home pay. >> we have some changes in the forecast here is erica. >> that is right it will get warmer as we transition into the weekend. we really does have to get through this morning because it is a cold start. it will be warmer this after no but let's look at some of the cold spots and the bay area. this entire list includes temperatures in the '20s. about zero is 27 degrees, 28 for vallejo in fairfield. concord 29 and to address will continue to drop because these are not even your morning lows. around sunrise are around 730 this morning freeze warning and frost advisory are in effect from the national weather service. i don't think eyes as much of a factor today because the air is so dry. there's no moisture to talk about. it will be a cold one but i do not think it will cancel the advisory slated yesterday. and to the 8:00 hour we are still holding out of the 30's in fairfield concord and up and beat north bay as well. the coast light will be pretty warm for
that tax cut was not renewed by congress of the tax credit back to where it was in 2010 so expected to 82% last in your take-home pay. >> we have some changes in the forecast here is erica. >> that is right it will get warmer as we transition into the weekend. we really does have to get through this morning because it is a cold start. it will be warmer this after no but let's look at some of the cold spots and the bay area. this entire list includes temperatures in the '20s. about...
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Jan 22, 2013
01/13
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taxes. he is facing in the 13 percent income tax on millionaires in california and an increase in its federal tax rate to 39%. now, you would have thought somebody shot bambi. forbes been a business and cider and other sticking issue with all its most popular player because he dared to complain publicly about tax rates. move over. the you like those pictures? it's great to see him. i say leave him alone. look, even highly popular athletes have freedom of speech. you don't have to go too far to find sports figures that say things more ridiculous. new york jets player antonio, marty. he could not even name all ten of his kids, for goodness sake. or baseball player alex rodriguez to said therapy can be therapeutic. right. the last time i looked all americans have freedom of speech, not just occupy wall street protesters. what's more, there may well be a lot more complaining in the future. democrats say any budget they submit will have higher taxes associated with it. that's right. they're not d
taxes. he is facing in the 13 percent income tax on millionaires in california and an increase in its federal tax rate to 39%. now, you would have thought somebody shot bambi. forbes been a business and cider and other sticking issue with all its most popular player because he dared to complain publicly about tax rates. move over. the you like those pictures? it's great to see him. i say leave him alone. look, even highly popular athletes have freedom of speech. you don't have to go too far to...
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Jan 15, 2013
01/13
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tax dollars don't just come in on april 15th. they come in all the time. >> and the president will be forced to do what you and i and every other american have to do and that is prioritize expenses. if we would not default, prioritize that which must be paid first and then make tough choices as to what is necessary and proper for our government to be spending. that is what we should be doing every day and is, quite frankly, why this president has failed to lead because he just does not believe it. he believes there is no end, and at the end of his term will be somebody else's problem. gerri: it will. >> but here is one piece of advice. there are two big fights coming up, the continuing resolution, the rest of the fiscal year 2013 spending, and there is the debt limit. we have already seen, obama will demagogue. he will send bernanke out to rattle financial markets, bully republicans, and i will be a tough fight to win. on the other hand, if they pick a fight on spending on the continuing resolution, that is where, as we saw in '9
tax dollars don't just come in on april 15th. they come in all the time. >> and the president will be forced to do what you and i and every other american have to do and that is prioritize expenses. if we would not default, prioritize that which must be paid first and then make tough choices as to what is necessary and proper for our government to be spending. that is what we should be doing every day and is, quite frankly, why this president has failed to lead because he just does not...
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Jan 23, 2013
01/13
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strong economic policies including the right to work legislation and low taxes have built taxes into a juggernaut. when governor rick perry was running for president he could claim, rightly, that his they created more than one-third of all of the jobs created in the entire country since the recovery began in 2009. amazing. not new york. not connecticut. texas. the lone star state unemployment rate of 6% handily beats up the nation. then there is louisiana, virginia. five and a half percent. oklahoma, five. new yorkers, pardon me, over 8%. the jersey, nine and a half percent. these metrics matter. the south is ticking new york's but the reid is a culture difference? hello, yes. thank goodness. i thought that is what liberals celebrated, diversity. i guess i probably shouldn't get so upset. after all, he has had this problem. the 40 year-old congressman was censured by the house two years ago after facing charges of 17 years of unpaid taxes on property in the dominican republic and more than 500,000 in undisclosed public assets. crazy. he also was investigated for raising millions from
strong economic policies including the right to work legislation and low taxes have built taxes into a juggernaut. when governor rick perry was running for president he could claim, rightly, that his they created more than one-third of all of the jobs created in the entire country since the recovery began in 2009. amazing. not new york. not connecticut. texas. the lone star state unemployment rate of 6% handily beats up the nation. then there is louisiana, virginia. five and a half percent....
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Jan 23, 2013
01/13
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to go to low income tax states. that shows that people vote with their feet. neil: well, california experienced that. i covered that a few years ago having this wealth flight of upper income california who moved next door to the lower tax state of nevada, not that nevada is firing on all cylinders, but that says a lot about the well-to-do, or those slightly better off than others that when their taxed to the hilt, they move to the hilt. >> they will move. neil: a global trend here. what are we to make of that? >> something to take into consideration. as we're about to head into basically four months of long fiscal debate here on capitol hill when it comes to the budget, when it comes to the sequester and continuing resolution. the president has made it clear that he want as balanced approach, and that he wants taxes to be on the table. neil: it's not a balanced approach. it's not balanced. >> it's not balance the at all, but we need to take this into consideration that we raised taxes once, everyone is seeing less m
to go to low income tax states. that shows that people vote with their feet. neil: well, california experienced that. i covered that a few years ago having this wealth flight of upper income california who moved next door to the lower tax state of nevada, not that nevada is firing on all cylinders, but that says a lot about the well-to-do, or those slightly better off than others that when their taxed to the hilt, they move to the hilt. >> they will move. neil: a global trend here. what...
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Jan 15, 2013
01/13
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more taxes. melissa: i feel like i'm going insane here because i feel like there was some sort of conversation about, this is going to be balanced approach. we'll raise taxes. if republicans will give on that we'll go ahead and cut spending. i feel like we have raised taxes and now we'll raise even more taxes and we're still spending like drunken sailors. susan, am i wrong. >> we're not spending like drunken sailers. melissa: we're not? 16 trillion dollar debt. >> 11 trillion he inherited. melissa: that is fine. everyone is at fault. everyone contributed to to this we are in dire straits. we are broke. everyone is at fault. no one is fixing it. >> well, and he is trying to fix it. that is why $4 trillion total reduction if they get to that number, will stablize it and we'll be able to start making invests to see our economy grow. the one silver bullet in deficit reduction is economic growth. we need to get out of this circle we're in right now and start talking about growth. how we start moving t
more taxes. melissa: i feel like i'm going insane here because i feel like there was some sort of conversation about, this is going to be balanced approach. we'll raise taxes. if republicans will give on that we'll go ahead and cut spending. i feel like we have raised taxes and now we'll raise even more taxes and we're still spending like drunken sailors. susan, am i wrong. >> we're not spending like drunken sailers. melissa: we're not? 16 trillion dollar debt. >> 11 trillion he...
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Jan 23, 2013
01/13
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last year, the colorado economic development commission granted dish $2.5 million in job growth tax credits. famous for not charging fees, southwest airlines introduces a new one. passengers who can't stand the cattle call boarding process can now opt out by paying $40 to board early. southwest does not have assigned seating, and already offers passengers early check-in for $10, but this new option guarantees priority. burns caused by car seat heaters have the attention of the national highway traffic safety administration. the request for automakers to look into the issue came after usa today reported on burn injuries resulting from use of the heaters. auto industry officials are in the process of drafting recommendations. peugeot's new hybrid is riding on air - and we really mean it. the french automaker is introducing new hybrid technology that combines a conventional engine with compressed air propulsion. it's called "hybrid air." the goal is to develop a hybrid that's cheaper than existing models and takes on toyota. some costly items are getting cheaper in 2013. cnn reports that consu
last year, the colorado economic development commission granted dish $2.5 million in job growth tax credits. famous for not charging fees, southwest airlines introduces a new one. passengers who can't stand the cattle call boarding process can now opt out by paying $40 to board early. southwest does not have assigned seating, and already offers passengers early check-in for $10, but this new option guarantees priority. burns caused by car seat heaters have the attention of the national highway...
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Jan 18, 2013
01/13
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in the end a tax is a tax. you're talking about taxing products they buy, investment they make for their business, maybe or products they're selling. so it does seem like it would be an impediment elsewhere in their business. they think in the end it is a better tradeoff? >> it is a better tradeoff, again we're talking about simplicity and fairness. give up the exemptions, they're no longer paying corporate tax, if you're a small business, you pay through the individual income tax anyway. and then the other attractive feature, it means their employees would no longer being paying individual income tax and that's very important to them in terms of attracting talent to their company and to our state. melissa: one place where i think you might have have a problem you say you want to create jobs in your state but you boast an incredible unemployment rate, 3.7%. i mean, i wasn't even sure that was possible any longer. it is supposed to create inflation when your unemployment rate is below 4%. you don't want to drive
in the end a tax is a tax. you're talking about taxing products they buy, investment they make for their business, maybe or products they're selling. so it does seem like it would be an impediment elsewhere in their business. they think in the end it is a better tradeoff? >> it is a better tradeoff, again we're talking about simplicity and fairness. give up the exemptions, they're no longer paying corporate tax, if you're a small business, you pay through the individual income tax anyway....
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Jan 16, 2013
01/13
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not all will be in taxes of the part will be in cuts and part in taxes. we can't be in place t ignore investments we need to make in infrastructure. there is report out today we could lose $3 trillion over next eight years. melissa: stephen, i'm sure you're chomping at the bit to respond to that? >> look, one thing i will say to president obama he came to office in 2008 saying he would raise taxes. he has done it. this is what the president does. this is the way that he conducted himself in office. if you look back to after he lost and you think was rebuked fairly strongly in the 2010 midterm elections, he came back and gave a state of the union, a couple months later and said, just as susan did, we need to save more because we need more money for investments of the this is the way the president governor earns. he is a tax-and-spend liberal of the old school and i think it's, entirely clear that he could ask for moreaxes. melissa: i feel like i'm going insane here because i feel like there was some sort of conversation about, is is going to be balanced ap
not all will be in taxes of the part will be in cuts and part in taxes. we can't be in place t ignore investments we need to make in infrastructure. there is report out today we could lose $3 trillion over next eight years. melissa: stephen, i'm sure you're chomping at the bit to respond to that? >> look, one thing i will say to president obama he came to office in 2008 saying he would raise taxes. he has done it. this is what the president does. this is the way that he conducted himself...
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Jan 16, 2013
01/13
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the government hiked taxes at the end of the year. what did people do? they sold stock in december. they rolled forward bonus income. about 100 billion of income was taken in december. that money is being reinvested of the a lot of that money has been going into the market. we've seen 22 billion go into u.s. equity mutual fund and etfs. the most in a while. there is even a positive influence to u.s. equity mutual funds, if it lasts through the month, that would be the first inflow since february of 11. liz: that is good. >> yes, there are some positive things. extra money going into the economy has helped. people feel good about it but there is a problem lying in the weeds or woods, whatever, and that is if the income was taken last year, that means income this quarter is going to be down year-over-year you even get to the higher tax rates that are kicking in now. so we're going to have a problem in terms of comparisons both year-over-year and sequentially going forward here. income growth, take-home pay for people, unless there is a phenomenal pickup somewhere in the economy and ce
the government hiked taxes at the end of the year. what did people do? they sold stock in december. they rolled forward bonus income. about 100 billion of income was taken in december. that money is being reinvested of the a lot of that money has been going into the market. we've seen 22 billion go into u.s. equity mutual fund and etfs. the most in a while. there is even a positive influence to u.s. equity mutual funds, if it lasts through the month, that would be the first inflow since...
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Jan 23, 2013
01/13
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i'm going to put the push on to get rid of a corporate tax or personal income tax and maybe to people who are very sensitive and are so wealthy they have the power to move, i can attract them to my state. we're seeing it in places like nebraska and louisiana piling on. this is an opportunity? >> governor perry in texas is famous going on hunting trips to california where he visits ceos. melissa: right. >> gives them a cell phone. here is my personal number. call me anytime. tell me what i can do to attract you to texas. we have several states with offices set up in california because we're so vulnerable here. hundreds of companies leave every year. you make a good point about phil mickelson has options. so do a lot of companies. they can go elsewhere and do out of california. melissa: is that story about governor perry true? i heard that before. do governors have hair their own cell phone? >> he does. literally gives cell phone, has one number programmed. call me anytime. tell me what i can do. our leaders are not doing that, they're dismissive about companies leaving. they say it is
i'm going to put the push on to get rid of a corporate tax or personal income tax and maybe to people who are very sensitive and are so wealthy they have the power to move, i can attract them to my state. we're seeing it in places like nebraska and louisiana piling on. this is an opportunity? >> governor perry in texas is famous going on hunting trips to california where he visits ceos. melissa: right. >> gives them a cell phone. here is my personal number. call me anytime. tell me...
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Jan 16, 2013
01/13
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what to do with the tax man on a queue. don't go away gerri: the story of the tax payers dreadnoughts. one in every age we win that one in 2011. you can expect even more this year. especially for those high income earners. so what happens next? we have your bottom line coverage of crucial test in navigating the process. when he is the founder and president of diversified financial consultant. welcome back to the show. >> thank you. gerri: i was mentioning that the irs really win after its people last year. how is this different? >> well, they go where the money. lots of people have the money. more important, they are targeting small business owners and these are the guys are taking, they have targeted them and that is where the money is. gerri: okay, a lot of people will not be happy to hear that. let's talk about the rest. >> once people get dreaded notice in the mail, typically that is the irs looking for classification and clarification of information. they can come to your office to your account office. >> so i have hav
what to do with the tax man on a queue. don't go away gerri: the story of the tax payers dreadnoughts. one in every age we win that one in 2011. you can expect even more this year. especially for those high income earners. so what happens next? we have your bottom line coverage of crucial test in navigating the process. when he is the founder and president of diversified financial consultant. welcome back to the show. >> thank you. gerri: i was mentioning that the irs really win after its...
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Jan 19, 2013
01/13
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CNN
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cuts. >> most of that was tax cuts. we sort of started it and then stopped. you can't call it stimulus. that will never sell in washington. >> kate, thank for joining us. principle at apple consultant. christine romans, host of "your bottom line." >>> remember this? what is that? morton gecko in "wall street" was ahead of thiz time with this clunky, heavy, brick phone. flash forward 25 years and it's been replaced by the smartphone. i'll tell you why apple may be losing its hold on the market. >> announcer: did you know there are secret black market websites around the world that sell stolen identities? >> 30-year-old american man, excellent credit rating. >> announcer: lifelock monitors thousands of these sites 24 hours a day. and if we discover any of our members' data for sale, lifelock is there with the most comprehensive identity theft protection available. [♪...] [squealing, crash] call 1-800-lifelock or go to lifelock.com today. a hybrid? most are just no fun to drive. now, here's one that will make you feel al
cuts. >> most of that was tax cuts. we sort of started it and then stopped. you can't call it stimulus. that will never sell in washington. >> kate, thank for joining us. principle at apple consultant. christine romans, host of "your bottom line." >>> remember this? what is that? morton gecko in "wall street" was ahead of thiz time with this clunky, heavy, brick phone. flash forward 25 years and it's been replaced by the smartphone. i'll tell you why...
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Jan 15, 2013
01/13
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the payroll tax holiday was allowed to expire. the fiscal cliff, this isn't a new tax. it's a return of an old tax but it's playing havoc with domestic stocks. so is all of the partisanship that makes our country seem like a mickey mouse place to invest and uncertainty going forward, every single democratic government on earth seems to be better organized and smoother functioning than ours. that uncertainty caused by that lack of confidence and higher payroll taxes might have something to do with the declines we're seeing. telco was a place to hide back in 2012. at&t and verizon saw slow downs. no let up in the subsidies to apple and samsung, we love these companies because they had no europe last year, no china, no mexico. now we wish they had all three and there was business formation. let's focus on the other half of the equation. it's a little more robust, where the money is going. last night china had one more remarkable session. holy cow, courtesy of new attitude. the gold double digit growth is taking up the fxi. follow along, but it is taking up the ancillary ch
the payroll tax holiday was allowed to expire. the fiscal cliff, this isn't a new tax. it's a return of an old tax but it's playing havoc with domestic stocks. so is all of the partisanship that makes our country seem like a mickey mouse place to invest and uncertainty going forward, every single democratic government on earth seems to be better organized and smoother functioning than ours. that uncertainty caused by that lack of confidence and higher payroll taxes might have something to do...
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Jan 15, 2013
01/13
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the dividend tax rates would go up dramatically in 2013. as the market moves on, take some money off the table, what we found the last three years is if you bought with the s&p is under the moving average, your average gain is 45.3%. if you bought when it was over the moving average, your average gain is 1.5% per year. i still think it'll be a back-and-forth market. take some profits in the euphoria. david: we think about what is happening inside the beltway. it is a global market. it is becoming more of a global market. you see global trade is really taking off in 2013. that leads to tremendous opportunities if it happens, right? >> i think so, david. evaluations are compelling whether it is europe, china. emerging market and even in japan. on the way to unlock the valuations and as investors come around to realizing those risks are receding, you will see a compression of the equity risk premium allowing evaluations to expand. david: lets michelle and she won one of those countries, japan. some people say this new leader going in the oppos
the dividend tax rates would go up dramatically in 2013. as the market moves on, take some money off the table, what we found the last three years is if you bought with the s&p is under the moving average, your average gain is 45.3%. if you bought when it was over the moving average, your average gain is 1.5% per year. i still think it'll be a back-and-forth market. take some profits in the euphoria. david: we think about what is happening inside the beltway. it is a global market. it is...
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Jan 17, 2013
01/13
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unless we get the cooperation from the political parties who say taxes how much they spend and how much they regulate. by that, it is just not sufficient. we spoke about last night was about the banks, not monetary policy. david: there is a conflict with regards to the fed interest and pump up the market, if you will, and unemployment mandate for the employment mandates you just mentioned. stocks go up and companies lay workers off, that happened with american express and in the past with other companies, so if the intention of the fed is to pump up the stock market, doesn't that sometimes conflict with its mandate to keep unemployment low? >> they're all kinds of approaches to this, david. one of them is the wealth effect, if stocks go up, through the broad pulls the mutual fund or more directly obviously feel wealthier and will be able to spend more and pump of consumption with consumption driven society others might argue it is a narrower base than it used to be, so it is a give and take, pros and cons of every single argument. clearly those publicly traded have been able to capitali
unless we get the cooperation from the political parties who say taxes how much they spend and how much they regulate. by that, it is just not sufficient. we spoke about last night was about the banks, not monetary policy. david: there is a conflict with regards to the fed interest and pump up the market, if you will, and unemployment mandate for the employment mandates you just mentioned. stocks go up and companies lay workers off, that happened with american express and in the past with other...
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Jan 22, 2013
01/13
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some basic tax planning thing. he's probably paying, let's get the number here, more on the order of around 50% to 52%, that's being very conservative. the top paid americans when you look at the irs code, the highest paid 400 earners and millionaires are paying around 20%, that's the average for most millionaire earners. between 20% and 50%, not 62% or 63%. >> what we can tell of his income, his income mostly derives from tournament wings or endorsement income. it's not investment income, which is how the wealthy people typically lower their rated. >> he's correct, he's the guy getting hit. you're talking about people who earn a lot of money in ordinary income, they are the ones getting hit. he's like a lot of rich guys, especially in california now who are saying maybe this is -- >> move to florida, right? >> he probably has a point but he still will be taking home $25 million. someone with such a great image in golf t doesn't send the right message. >> many are accusing him of being a whiner about this. >> also
some basic tax planning thing. he's probably paying, let's get the number here, more on the order of around 50% to 52%, that's being very conservative. the top paid americans when you look at the irs code, the highest paid 400 earners and millionaires are paying around 20%, that's the average for most millionaire earners. between 20% and 50%, not 62% or 63%. >> what we can tell of his income, his income mostly derives from tournament wings or endorsement income. it's not investment...
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Jan 22, 2013
01/13
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this trading tax, this idea, do you think it's a good idea, a bad idea? what would happen to you if they did it here in the united states? possible it could happen in the united states? >> i think it's a dumb idea, and history would prove that that's true basically. if you put tax in one country and not another, the trading will all move away and we've seen experiences of that around the world. i think it's a bad idea. i'm not sure what it's trying to do other than penalize an industry. and i think in the united states, i think we've kind of moved past that on to other topics. it's not coming up on the radar screen right now. >> i don't see that happening, do you? >> no. >> here, i mean. >> i think it's going to happen in europe. >> the thought of penalizing the banking system and wanting to tax everything in sight. >> people have to trade, trade what? >> people have to invest. that's what they do with their money. if there's a financial transaction tax, would they not invest? >> they will trade differently. the trade flows and investments will move to di
this trading tax, this idea, do you think it's a good idea, a bad idea? what would happen to you if they did it here in the united states? possible it could happen in the united states? >> i think it's a dumb idea, and history would prove that that's true basically. if you put tax in one country and not another, the trading will all move away and we've seen experiences of that around the world. i think it's a bad idea. i'm not sure what it's trying to do other than penalize an industry....
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Jan 15, 2013
01/13
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citing new tax hikes on the rich as a downside catalyst. >> i think it's absolutely ridiculous. what american express has done in the last two days, cost management. focus on what they are doing there in terms of what the earnings are and expectation that the high-end consumer is going to be affected by what is going on here in terms of fiscal policy. it's misguided. stay with american he cexpress. >> that's talk about cliffs natural. a downgrade. dr. j, make sense of it. the stock is up 2%. >> this one was sold too far down. i can't believe that he actually bothered to downgrade them when the stock was half of whether where it is was. i like the deutsch call. unless we have a lot of trouble with our economy here, judge, which i don't think we're going to have, i think this continues to work and works back into the mid-40s by the end of this quarter. >> talk to me, weiss, about some airlines. they have been doing incredibly well. lately here is ual and lcc. >> they were early in upgrading the airlines and the airlines used to be like drinking beer. you rented it. you didn't own
citing new tax hikes on the rich as a downside catalyst. >> i think it's absolutely ridiculous. what american express has done in the last two days, cost management. focus on what they are doing there in terms of what the earnings are and expectation that the high-end consumer is going to be affected by what is going on here in terms of fiscal policy. it's misguided. stay with american he cexpress. >> that's talk about cliffs natural. a downgrade. dr. j, make sense of it. the stock...
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Jan 15, 2013
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> > think about it: 2012, the end of the year, we didn't know where we were in taxes, people selling off lots of things, not knowing where capital gains were going to go. now that money is hot. it needs a place to go. people are not thinking interest rates are the place. they are thinking the stock market. they're looking for dividend returns and appreciation. and so far, that is what they are getting. so even on the brakes in the stock market, we are seeing new money flows - big new money flows - coming into the market now. and that will probably continue another week or two. then we'll get back to what i call more normal trading. > commodities traders are on their toes these days, especially with the crop news that has been coming in - we have drought issues, cold issues, and frost issues over in california. what is happening? > > one of the amazing things is, normally when you get a report - we did on friday on final acreage so you can figure out your supplies to a large degree, you often get a limit move one way or the other. they did this report at 11:00 in the session. brand ne
> > think about it: 2012, the end of the year, we didn't know where we were in taxes, people selling off lots of things, not knowing where capital gains were going to go. now that money is hot. it needs a place to go. people are not thinking interest rates are the place. they are thinking the stock market. they're looking for dividend returns and appreciation. and so far, that is what they are getting. so even on the brakes in the stock market, we are seeing new money flows - big new...
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Jan 17, 2013
01/13
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a lot to our tax funds the they own nearly 20% of the investments from apple stock is that a good idea? >> it depends going forward. gerri: what happened to a different pot? that is ridiculous. >> the rule that mutual funds you should not have more than 10% of any position. gerri: how many growth fund and value fund with the same stock? i think portfolio managers saw the of run up and wanted to get on board whether not yet matched their portfolio plan they plowed a bunch of money into it. >> there was momentum chasing for sure. apple is going through a major transition in terms of the growth profile. it had a hyper growth period now going forward just a normal good growth period the results in a change of ownership. one year ago more growth fund had the stock with a larger percentage from apple. gerri: by so or hold? >> i would hold for sure. exciting for apple going forward we have patterns of period to go into these periods and then slowed down. you do see the a 25% correction but you cannot predict when it sorts out but they are changing the business model. they will become more bra
a lot to our tax funds the they own nearly 20% of the investments from apple stock is that a good idea? >> it depends going forward. gerri: what happened to a different pot? that is ridiculous. >> the rule that mutual funds you should not have more than 10% of any position. gerri: how many growth fund and value fund with the same stock? i think portfolio managers saw the of run up and wanted to get on board whether not yet matched their portfolio plan they plowed a bunch of money...
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Jan 16, 2013
01/13
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if you thought that class warfare was bad during the election and during this tax battle, it could get even worse, because under a 2010 law, dodd-frank, public companies are supposed to disclose the relationship between what their ceo makes - that's already public information - but they are supposed to compare it and give a ratio with what their median employee, kind of the typical employee, makes. so this is something that people can compare from company to company just to see how much more - "wow, the ceo makes 300 times more than the typical worker here!" > in some companies it wouldn't be that dramatic - an investment bank, for example. but at other companies - you had mentioned earlier wal-mart - it would be a hugely divergent number. > > take goldman sachs. their ceo makes a lot of money, but there are a lot of people at goldman sachs who also make a lot of money. so the disparity wouldn't be as great maybe as wal-mart or some retailer where you have a ceo who probably makes a lot, but you have a lot of minimum-wage workers. so that is going to be a big disparity. > also in corpo
if you thought that class warfare was bad during the election and during this tax battle, it could get even worse, because under a 2010 law, dodd-frank, public companies are supposed to disclose the relationship between what their ceo makes - that's already public information - but they are supposed to compare it and give a ratio with what their median employee, kind of the typical employee, makes. so this is something that people can compare from company to company just to see how much more -...
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Jan 22, 2013
01/13
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additional taxes, all kinds of reasons. those people will not buy real estate. that is what happened january 1. let's talk about overall, they talked to me about builder confidence. still have not broken the 50 level. a couple of regions have hit it, the northeast has not, for example. so where is the disconnect? >> you have a demand for multiple family housing. town home garden apartments, that kind of thing demand is there. out somewhere not so commutable, it is not there. cheryl: because you're a real estate agent to the stars coming of high-end luxury clients with multimillion dollar property, is that market strong, will it stay strong, do you think? >> the market is strong due to the overall lack of supply and we have all kinds of people buying in new york. foreigners, investors, users, so much, so many buyers from so many pools, it works. cheryl: thank you very much. if i had an extra $20 million, i would call you. the closing bell is going to ring, exactly 30 minutes to go right now could dell has been the subject of intense chatter of buyouts. the shareh
additional taxes, all kinds of reasons. those people will not buy real estate. that is what happened january 1. let's talk about overall, they talked to me about builder confidence. still have not broken the 50 level. a couple of regions have hit it, the northeast has not, for example. so where is the disconnect? >> you have a demand for multiple family housing. town home garden apartments, that kind of thing demand is there. out somewhere not so commutable, it is not there. cheryl:...
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Jan 16, 2013
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. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing loopholes, already raised the tax rates, but there's got to be some spending cuts to go along with it. i'm not going to give away the store unless we get something in return. >> you did that already. did you that already at the end of the year? >> i'm not in congress thankfully. i'm running a very fiscally prudent state that's well managed and lives within its means and saves money for a rainy day and is growing the economy to produce more growth money by expanding a healthy economy. washington would do a lot to listen and watch what we're doing in utah because we're doing it right. >> you sure r.governor, thanks very much. appreciate your time today. >> thank you. >> we'll see you soon, governor. thank you. >> headed towards close, sort of meandering here, and much of the decline for the dow, down 32 points, the result of boeing's decline today which we'll be talking about. >> up next, jpmorgan ceo
. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing loopholes, already raised the tax rates, but there's got to be some spending cuts to go along with it. i'm not going to give away the store unless we get something in return. >> you did that already. did you that already at the end of the year? >> i'm not in congress thankfully. i'm...
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Jan 22, 2013
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. >>> phil mickelson is teed off about taxes. he is threatening to leave california thanks to a higher tax rate on the wealthy. we will talk to robert frank about this in a minute, but first, jane wells, does he have a point? >> the wonder is why he stayed so long, except san diego is a nice place. florida is nice, too. mickelson will pay california a new rate of 13.4% retroactive to the beginning of last year. running the numbers, "sports illustrated" estimates he made 60 million in 2012, that means 64 million in ju 6.4 million in california taxes, and he owes an extra 1.8 million. but if he moves, california loses everything. some of those smaller tournaments may leave the state if golfers decide to golf at rival events. tiger woods and the williams sisters long ago left california for florida, maybe not for tax purposes but they haven't moved back. lebron james went to the heat instead of the heat so the clippers could save tens of millions over his contract. and taxes were in the conversation when peyton manning was debating
. >>> phil mickelson is teed off about taxes. he is threatening to leave california thanks to a higher tax rate on the wealthy. we will talk to robert frank about this in a minute, but first, jane wells, does he have a point? >> the wonder is why he stayed so long, except san diego is a nice place. florida is nice, too. mickelson will pay california a new rate of 13.4% retroactive to the beginning of last year. running the numbers, "sports illustrated" estimates he made...
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Jan 22, 2013
01/13
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we have a tax code now that is so much more complex. we heard all this talk about simplification last year. we've gone in exactly the opposite direction, putting in all of these deals for special interests and now you're not even sure whether, what your exact rate is depending when you book business. how are you sorting all that out? >> well, it's a challenge. i think about our franchises. most of them are sole proprietors. so their taxes are being passed through the entity that they own. for every dollar that they're paying in additional tax, that is one less dollar they can put back into growing their businesses and creating jobs. we're kind of starving the goose that feeds the golden egg of producing more jobs. david: well, at least you are growing partly as a result of all the complication. people want to go into a franchise. dina owens, from the dwyer group. >> thanks, david. david: appreciate it. lauren: the bank of japan taking a page out of our playbook and announcing it will buy government bonds. up next find out why this could
we have a tax code now that is so much more complex. we heard all this talk about simplification last year. we've gone in exactly the opposite direction, putting in all of these deals for special interests and now you're not even sure whether, what your exact rate is depending when you book business. how are you sorting all that out? >> well, it's a challenge. i think about our franchises. most of them are sole proprietors. so their taxes are being passed through the entity that they own....
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Jan 16, 2013
01/13
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if you look at corporate taxes, they are all trending in the right direction from a public standpoint. the country has a lot of natural resources. liz: but you don't want to become like australia. >> in terms of being a natural resource country, they do have a lot of natural resources companies, but they have other superb financial companies too. the banks and get into all the trouble that we did. liz: canada did not allow -- they have enough good regulations, not overregulated that didn't allow their regulations to take a bad stance. >> that's right, we like nova scotia. it's a very interesting story. one more thing, it is possible to have relations with china through canada. second-largest exporter and that is key to fueling the industry -- the steel industry. liz: that's right, huge in canada and natural technology resources. jay, nice to see you, thank you for joining us. my parents are canadian. don't be all excited that they will be that we mention canada. shares of one company traveling higher today, we will tell you which luggage maker is doing well. . . . .. look, if you have
if you look at corporate taxes, they are all trending in the right direction from a public standpoint. the country has a lot of natural resources. liz: but you don't want to become like australia. >> in terms of being a natural resource country, they do have a lot of natural resources companies, but they have other superb financial companies too. the banks and get into all the trouble that we did. liz: canada did not allow -- they have enough good regulations, not overregulated that...
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Jan 23, 2013
01/13
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. >> reporter: if lawmakers can't pass a budget by tax time, they could end up having time paying their own bills. today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills, and it cuts pay for lawmakers if they can't pass a budget by tax time, april 15th. >> most americans believe you don't do your job, you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate has not passed a budget in almost four years. >> the last time they passed a budget, the ipad had not been introduced. >> reporter: paul ryan will draft the republican budget, likely with deeper cuts than the one he offered last year. that's a carrot to get conservatives to go along, some still want to see cuts first. >> i will not vote to raise the debt ceiling unless significant efforts are made to fix the underlying problem. >> reporter: senate democrats hint they will pass a budget, but not necessarily soon. >> we'll approach that when we need to. >> reporter: the white house says even though it's short-term, the president will sign it. >> t
. >> reporter: if lawmakers can't pass a budget by tax time, they could end up having time paying their own bills. today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills, and it cuts pay for lawmakers if they can't pass a budget by tax time, april 15th. >> most americans believe you don't do your job, you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate has not passed a budget...
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Jan 15, 2013
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on the dividend theme i think our call was that the tax rate wasn't going to rise the way it was written in the law. we have seen that and this is a pretty compelling group of stocks. you have low payout and bond rates are low so you can buy dividend stocks that yield well relative total attorney difficults in the bond market. on the megacap stocks you have a lot of large high quality american companies that should be able to grow at or higher than the rate of the market or cheaper than the market and also have those higher dividends. >> susie: and the other two sectors that you also recommend to your morgan stanley clients, health care, companies like cardinal health, and industrials like honeywell, general motors what is the story there? >> well, for health care look, when you want to be a little defensive in the markets's natural for people to think about two sectors, health care and staples. we really like health care more than staples right now. we see that pretty clearly. health-care companies are beating estimates more, they have higher cash balances and you know they are much che
on the dividend theme i think our call was that the tax rate wasn't going to rise the way it was written in the law. we have seen that and this is a pretty compelling group of stocks. you have low payout and bond rates are low so you can buy dividend stocks that yield well relative total attorney difficults in the bond market. on the megacap stocks you have a lot of large high quality american companies that should be able to grow at or higher than the rate of the market or cheaper than the...
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Jan 15, 2013
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when we pay our gasoline tax, we spend that money to the federal government. they skim off management fee and then they dole it out all over again to things like a museum dedicated to the packer, a movie about movies about the road for alaska, things like that. airport money, we spend all of this, there's a tax in all of our tickets, and yet all that money goes into a big pile and the vast majority of it does not go to the biggest airports in the country. it goes to the ones that are the most politically connected. you really have to disengage congress and get more private money going directly where they can actually make a profit and you'll get more infrastructure. >> yeah, but donna, i mean, president obama signed the recovery act and spend billions on infrastructure project. did we get our money's worth? what did that money goes toward? >> well, first let me say, we do need some more money. yes, some airports can be built privately, and there's no question we're spending the money in the wrong places, but even if we took all the money going to highways, lik
when we pay our gasoline tax, we spend that money to the federal government. they skim off management fee and then they dole it out all over again to things like a museum dedicated to the packer, a movie about movies about the road for alaska, things like that. airport money, we spend all of this, there's a tax in all of our tickets, and yet all that money goes into a big pile and the vast majority of it does not go to the biggest airports in the country. it goes to the ones that are the most...
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Jan 20, 2013
01/13
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no more taxes. are you saying that the president will only sign a budget deal if it includes new revenues? >> yes, it's got to be balanced. they weren't saying that a matter of weeks ago. speaker boehner said 800 billion from closing loopholes. what's changed in the last four weeks? nothing. there's plenty of loopholes whether shipping jobs overseas who get preferential tax treatment. the subsidies to the energy companies. loopholes for, you know, billionaires, there are things we can close here to make -- >> you're no deal if they don't -- >> we need balance, george. we need spending cuts and revenue. have to have that. >> let me talk about immigration. the president has identified immigration reform as another top priority of his second term. you mentioned it again. marco rubio has been taking the lead and jay carnie, the white house press secretary had positive words about his proposals this week. but marco rubio said this week on bill owe rile we'll show the president hasn't reached out. take a
no more taxes. are you saying that the president will only sign a budget deal if it includes new revenues? >> yes, it's got to be balanced. they weren't saying that a matter of weeks ago. speaker boehner said 800 billion from closing loopholes. what's changed in the last four weeks? nothing. there's plenty of loopholes whether shipping jobs overseas who get preferential tax treatment. the subsidies to the energy companies. loopholes for, you know, billionaires, there are things we can...
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Jan 15, 2013
01/13
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he also made sure to include that he wants more taxes. more taxes. obama care taxes are already kicking in. we just had a tax increase on investors and small businesses. can you beat that, more taxes? >> this should come as a surprise to nobody, larry. obama's goal is not some sound economy when he -- as his legacy, his goal is as to fundamentally transform america where we have a vastly expanded size of government. he won't talk about cuts except little ones on the side. but he wants to continue to expand government. he doesn't care about deficits. he's not going to deal on this. >> you know, a couple of times during the news conference, i was interested in this. president obama said to congress, go ahead, give me the power and i'll issue more debt. that's really what he wants. he wants the power to issue unlimited debt so he can have unlimited spending and eventually he's going to get around to unlimited tax hikes. >> well, to be clear, as you know, when we talk about the debt, the president doesn't get to decide, you know, how much we're spending
he also made sure to include that he wants more taxes. more taxes. obama care taxes are already kicking in. we just had a tax increase on investors and small businesses. can you beat that, more taxes? >> this should come as a surprise to nobody, larry. obama's goal is not some sound economy when he -- as his legacy, his goal is as to fundamentally transform america where we have a vastly expanded size of government. he won't talk about cuts except little ones on the side. but he wants to...
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Jan 15, 2013
01/13
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it's a special tax form. have you to file for every single state that you're in where the pipeline might go through. it's a little complicated so some people have been buying exchange-traded funds because there's mlp exchange-traded funds. the point is if you're interested in dividends, these -- these kinds of deals are very, very host investments. two other ones are coming this week. >> not really seeing the kind of pace that we've seen for ipos. haven't seen the business come back. >> norwegian cruise lines goes back. not a massive limited partnership. >> that's a very well known name. >> sure they will be trying it out. >> get me my sunglasses. >> closing countdown coming up. >> and is congress threatening the economy with the looming fight over the debt ceiling? something we're all talking about, and will washington ever get serious about fixing the debt crisis. do not miss, this should be pay-per-view's, maria's exclusive interview with alan simpson coming up on the "closing bell." >> he's always great.
it's a special tax form. have you to file for every single state that you're in where the pipeline might go through. it's a little complicated so some people have been buying exchange-traded funds because there's mlp exchange-traded funds. the point is if you're interested in dividends, these -- these kinds of deals are very, very host investments. two other ones are coming this week. >> not really seeing the kind of pace that we've seen for ipos. haven't seen the business come back....
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Jan 23, 2013
01/13
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i would love to see territorial tax system, tax reform and get us through the fiscal problem we have right now. liz: what about a tax holiday overseas? >> if they do that, that is even better, but i will not hold my breath for that one. liz: paul jacobs, thank you very much. chairman and ceo of qualcomm. back to you in new york. cheryl: there is still more to come tomorrow from davos. liz will interview coca-cola ceo and kenneth frazier, chairman and ceo of merck. two prominent leaders we cannot afford to miss it. when i have 60 minutes to go. we're counting down the minutes until oh, you know what, apple earnings. big. will the numbers get th the docr decided again? shibani joshi will break it down for you coming up next read axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of pub
i would love to see territorial tax system, tax reform and get us through the fiscal problem we have right now. liz: what about a tax holiday overseas? >> if they do that, that is even better, but i will not hold my breath for that one. liz: paul jacobs, thank you very much. chairman and ceo of qualcomm. back to you in new york. cheryl: there is still more to come tomorrow from davos. liz will interview coca-cola ceo and kenneth frazier, chairman and ceo of merck. two prominent leaders we...
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Jan 15, 2013
01/13
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CNBC
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the wealthy see charity and taxes two sides of the same coin. taxes go up, charity must go down. press secretary for george bush summed it up in a recent tweet saying, quote, i and many others will likely donate less in 2013. but a new study from the nonpartisan tech center says charitable giving may actually increase this year by $3.3 billion. tax hikes are actually the main reason why. here's how it works. taxpayers deduct their charity at their marginal tax rate. last year the wealthy could deduct 35 cents for every dollar they gave. the current rate is 39.6%. so they can deduct 39.6 cents for every dollar they give. their cost of giving has, in other words, fallen by 7% for those making $400,000 or more per year. the same is true if you're giving away stock or real estate that's appreciated in value. the higher capital gains rate making giving more economically attractive. the cliff deal does limit certain deductions. but the benefits of these higher tax rates more than makes up that limit on deductions. so net-net, the wealthy get a bigger tax cut this year for giving. it's
the wealthy see charity and taxes two sides of the same coin. taxes go up, charity must go down. press secretary for george bush summed it up in a recent tweet saying, quote, i and many others will likely donate less in 2013. but a new study from the nonpartisan tech center says charitable giving may actually increase this year by $3.3 billion. tax hikes are actually the main reason why. here's how it works. taxpayers deduct their charity at their marginal tax rate. last year the wealthy could...
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Jan 15, 2013
01/13
by
FBC
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backup for the government and the tax code. it is an inefficient way of subsidizing. sandra: a sign we are overtaxing and overregulating corporations and small businesses to the point data want to hire these people so people have to downgrade out of jobs they should be working in and educated to work in and take lower-level service jobs. very much a sign of the times. stuart: the government takes money off of this group to top off the income of that group. that is -- [talking over each other] stuart: that is my take. big money at the story everybody is talking about today, lance armstrong comes clean on informant -- performance enhancing drugs and made millions in prize money and endorsements, raise a lot of money for his cancer charity. we are a forgiving country. we really are. here is the question. will the nation give him a second chance or is he totally finished? we will ask that question. we have a pr executive on whether it lands can have his image and i have my take on mr. armstrong around 10:28 this morning on this pro
backup for the government and the tax code. it is an inefficient way of subsidizing. sandra: a sign we are overtaxing and overregulating corporations and small businesses to the point data want to hire these people so people have to downgrade out of jobs they should be working in and educated to work in and take lower-level service jobs. very much a sign of the times. stuart: the government takes money off of this group to top off the income of that group. that is -- [talking over each other]...